Duluth (NASDAQ:DLTH) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Duluth (NASDAQ:DLTH) in a report issued on Friday. The brokerage issued a hold rating on the stock.

Separately, Robert W. Baird dropped their price objective on Duluth from $3.50 to $2.75 and set a “neutral” rating for the company in a report on Friday, March 14th.

Duluth Trading Up 10.0 %

Shares of NASDAQ DLTH opened at $1.87 on Friday. Duluth has a 1-year low of $1.58 and a 1-year high of $4.54. The company has a 50-day moving average of $2.29 and a two-hundred day moving average of $3.02. The company has a market cap of $61.01 million, a PE ratio of -1.89 and a beta of 1.21. The company has a current ratio of 1.30, a quick ratio of 0.16 and a debt-to-equity ratio of 0.30.

Duluth (NASDAQ:DLTH) last posted its quarterly earnings data on Thursday, March 13th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.32). The company had revenue of $241.27 million during the quarter, compared to the consensus estimate of $252.86 million. Duluth had a negative return on equity of 7.28% and a negative net margin of 5.26%. As a group, equities analysts expect that Duluth will post -0.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Brett Lee Paschke bought 50,000 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The stock was bought at an average cost of $1.81 per share, for a total transaction of $90,500.00. Following the transaction, the director now owns 93,801 shares of the company’s stock, valued at $169,779.81. This represents a 114.15 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 35.32% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Madison Investment Advisors LLC bought a new position in shares of Duluth during the 4th quarter valued at about $2,357,000. Tieton Capital Management LLC grew its stake in shares of Duluth by 22.2% in the fourth quarter. Tieton Capital Management LLC now owns 725,635 shares of the company’s stock valued at $2,242,000 after buying an additional 131,895 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Duluth by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 843,672 shares of the company’s stock valued at $2,607,000 after purchasing an additional 58,991 shares during the period. Barclays PLC raised its stake in Duluth by 101.6% in the third quarter. Barclays PLC now owns 92,318 shares of the company’s stock valued at $347,000 after buying an additional 46,527 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Duluth by 13.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,988 shares of the company’s stock valued at $806,000 after purchasing an additional 31,837 shares during the last quarter. Institutional investors and hedge funds own 24.39% of the company’s stock.

Duluth Company Profile

Duluth Holdings Inc sells casual wear, workwear, and accessories for men and women under the Duluth Trading brand in the United States. It provides shirts, pants, underwear, tanks, outerwear, footwear, accessories, and hard goods. The company offers its products under various trademarks, trade names, and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No-Yank, No Polo Shirt, Wild Boar Mocs, and Buck Naked.